24
Sep
Market Sentiment Watch: Malaiseville. Germany looks strong but everything else in the economy on the US side of the points to coming QE2. Meanwhile, the dollar, despite rumors of intervention, continues to slip. In energy land, look for news to begin to pick up next week again as we have a number of catalysts on [...]
Posted in ssn, Uncategorized | 79 Comments »
23
Sep
The 2nd Niobrara acreage sale closing results in another $6.3 mm in the bank ($0.08 per share) … as guided by the company. That brings the total cash from the Goshen County Niobrara acreage sales to date to $70mm ($0.85 /share) vs the original range of $63 to $72 mm. At this point, management has [...]
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23
Sep
Market Sentiment Watch: Equity futures rolled over last night after weaker than expected eco data came out of Europe. Eurozone growth, as measured by their purchasing managers index, showed sharply slowing growth. The decline was exacerbated this morning by a miss on the Jobless Claims data. In energy land, all is mostly quiet. I've included [...]
Posted in Uncategorized | 100 Comments »
22
Sep
Market Sentiment Watch: The Fed says the door is open to further economic aid measures and market goes …. sideways. I thought summer trading ended with Labor Day but volumes still indicate tepid participation. In energyland, things have quieted down after last week's conferences and Monday's Gulf of Mexico deal news. E&Ps are finding demand [...]
Posted in Uncategorized | 136 Comments »
21
Sep
Market Sentiment Watch: Shell-shocked. Natural buyers seem rather scant in this market. Here's to wondering if people are afraid to chase this one higher given the lack of enthusiastic economic data and prospect of another cost cut driven (not revenue / demand driven) quarter. Oh yes, and it's September and moving into October, not exactly [...]
Posted in Uncategorized | 123 Comments »